Tds
This query is : Resolved
08 June 2016
Can payment of 3 month salary on the retirement of the employee by debiting STAFF WELFARE FUND (Being the normal practise followed by the organisation) is liable for TDS? As this payment is not done by debiting Salary expenses account. Further at the year end, organisation shows the said payment as a part of salary in Form 16. Staff welfare fund was created YOY basis partly from the appropriation of profit and partly by collecting some token amount from employee from there regular salary.
Pl. guide whether the whole payment by way gratuitous gesture by Organisation (Approved in BOD) at the time of retirement of the employee is liable for TDS?
Pl. guide whether the whole payment by way gratuitous gesture by Organisation (Approved in BOD) at the time of retirement of the employee is liable for TDS?
08 June 2016
salary will be liable to tds if salary on any employee exceeds exempt limit. its no diff what a/c you debit for exp.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- SALARY CAN BE CAPITALIZE
- Salary from Qatar in Dollars in India
- TDS on purchase of under construction property from a reseller
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
